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. president obama's insistence that any deal include higher tax rates for high-income earners. we asked wyatt andrews to tell us how that might affect small businesses. >> so we need a couple of boxes for these. >> reporter: kevin green owns two flower and gift shops in alexandria, virginia, and he says raising taxes on the wealthy won't just hurt him. it will hurt his workers and the economy. >> all you do is reduce the capital available for investment and employment. >> reporter: small business owners typically report business income on their personal taxes. in a good year, green's income will exceed $250,000, making him one of the taxpayers the president says should pay more. in his case, an estimated $8,000 more. what's the economic downside to asking eight more thousand dollars for you? >> i don't have $8,000 to spend on those employees or that inventory or the business that draws customers. >> reporter: by congressional estimates there are some 941,000 high-income small businesses. the president says that number includes truly rich small firms like hedge funds, but when republicans argu
they got the short end of the stick on this deal. i think obama should get the best deal he can and let the other things take care of themselves. >> we have to leave it there. thank you to sam, chris, joy, and michael. you can catch chris on "up" tomorrow and sunday morning right here on msnbc at 8:00 a.m. eastern time. and before wrapping things up today we want to take a moment to share big news about a member of our "now" team, casey shaffer welcomed linus james shaffer levin into the world on november 21st. unfortunately' he's a scorpio. mother, baby and father are doing great. congrats and the newest -- our newest nowist. we'll see you back here at monday noon eastern, when joined by michael steele, the new republ republic's baits and musician andrew wfrmts kay. until then find us at facebook.com/now with alex. "andrea mitchell reports" is next. good afternoon to you, andrea. >> good afternoon. thanks so much. coming up here, president obama takes his tax plan on the road trying to sell it to the american people. republicans aren't buying it. congressman jason chav fitz joins me. f
with republicans. once a deal is closer president obama will take over the talks. so far independent senator joe lieberman is not encouraged. >> if we go over the cliff it's going to send the country back into recession. >> reporter: vice president joe biden stopped by a washington, d.c. costco thursday to help the white house's public campaign for a deal. >> consumer confidence is growing. the last thing we need to do is dash that now by being unable to extend middle class tax cuts. >> reporter: the vice president said if those tax cuts aren't extended, the average american family stands to lose $2,200 next year. danielle nottingham, cbs news, washington. >>> talk about a power lunch. president obama and mitt romney met privately at the white house to have lunch. their first face-to-face meeting since the campaign debate. aides say the president wanted to discuss romney's ideas for making government run more smoothly. >> somebody with governor romney's experience clearly could have insight into how to maximize efficiency in an operation like the federal government. >> the white house says the p
are you holding this up. >> president obama told boehner there is no deal unless to keep the tax rates go up for those earning more $250,000. >> 138 nations voted to granted the palestinian authority status as a non-member observer state. israel and united states voted against the controversial measure which could make it easier for the palestinian authority to pursue israel in international courts. palestinian president mahmoud abbas called it a last chance for a peaceful two state settlement. >> just ahead, a bay area's woman battle against cancer. >> how social media is bringing >>> traditional fund-raising usually involves something like a bake sale or auction. >> social media opened a new arena. >> it is called cloud funding and michael finney is here tonight, apparently it works. >> it really does. it is a game changer. i reported earlier about a local elementary school where they were able to raise cash by using a cloud funding site. thousands of folks are raising money from everything from making movies to paying medical bills. for one san francisco woman who is fighting cancer, i
this deal six months ago because they were so cocky. they figured they were going to knock obama out, it was going to be a different world. right? so they went home and said we will wait for the election. and let the people decide. we will be in charge after this eriction. guess what. >> that's what they did. and they lost. >> exactly >> bill: they got busted. they lost their ass. so now, they refuse to recognize there was an election. right? they refuse to accept the results of the election. >> you are completely right. beyond that point, i don't think they need the 80 tea party members to vote with them. they just need a coalition >> bill: you know what they need? they need to schedule a vote. >> exactly. >> bill: that's what boehner has to do. >> that's what he won't do >> bill: there is no doubt in my mind if he scheduled a vote at this point, enough republicans would join democrats to pass the tax cut for 98% of the american people. >> i completely agree with you. i think beyond that, if you put a vote right now on the floor to end sequestrati
obama knows he has a deal. >> dana: i don't think -- well, one, the present doesn't have a spending cut plan. why is everyone looking at us. where is your plan, sir? now the democrats are starting to realize wait, i think they are on to us. president obama sacrificed going to hawaii with his family. going to stay behind. they will fawn over him for not going to hawaii. >> bob: that happened last year. if you accept the bush tax cut last time. family went off and obama stayed behind. it's time so just accept it. >> brian: it is the same game. the house republican and the senate democrat and president is democrat. >> eric: i can't tell you how many shows i stayed until 11:59, live show for the debt creeling to hit or the government to shut down. government would shut down, 19:55 they fixed it. obama is say nothing, i need more. boehner is saying we are further than we have ever been. >> they know where they will meet in the middle. >> dana: i think they are farther apart than ever, actually. >> eric: you do? >> dana: i do. does it show you wouldn't -- >> kimberly: absolutely not. >> kimbe
three weeks of dealing with the benghazi scandal and the fiscal cliff, obama is prepared to offer romney a position in the administration, president of the united states. [ laughter ] >> you've been warned, harry reid! take away mitch mcconnell's filibuster and he will strike back! by obstructing everything you do! or let him keep the filibuster so he can obstruct everything you do! [ gunfire ] >> still to come, an easy recipe perfect for entertaining. >> also the reason why the latest royal visit was extra special. for the douche -- duke and duchess of cambridge. >> are you crying? >> because the cooker -- because the workers won't make my muffins anymore. >> what religion is involved with christmas? what religion? >> christianity. >> that's not a religion. that's a philosophy. >> okay. don't tell me what i think. when i said i didn't have a problem, i don't have a problem. got it? >> give the people their billions. let's move on. >> i feel sorry for those people who won because now they're p
elusive according to the secretary of state, until a peace deal is negotiated with israel. >>> president obama and mitt romney had a private lunch at the white house today. we know what they ate but no specifics about their conversation. the get together marked their first meeting since facing off in the third presidential debate. the menu included turkey chilly and southwestern grilled chicken saeid. the former rivals posed for an official autograph in the oval office. much of the hour long conversation focused on america's leadership in the world. >>> meanwhile, president obama sent vice president biden to do some christmas shopping, sort of. he went to a suburban costco to talk about the fiscal cliff and tax cuts. he took photos with shoppers, chatted up the staff and was followed around the store by a huge crowd. his favorite part, like many of us who go to costco, all those free samples. he did get around to talk tax cuts. >> i think it's important that congress acts now. i mean, right now. all that needs to be done is extend the middle class tax cut. >> he bought cookies, children'
. that president obama did not ask romney to broker a deal. the 2 simply agreed to keep in touch. >> first for new york city. this monday was the first day that anyone can remember when there was no violent crime n.new york city. for 24 hours. there was not a single report of a person being shot. stabbed. or subjected to violence of any kind. kments as city is on target to have the lowest murder rate since 1960. police attribute it to putting officers in specific 80's known for crime. >> on the subject of new york finest. one officer is certainly living up to that title. dan harris on a viral photograph of policeman and man who had no shoes. >> new york city police officer on frigid november night in times square bending down to give a homeless and shoeless man a pair of brand new boots. this scene would have gone unnoticed except jennifer foster a tourist just happened to be there. >> i heard him quite clearly say i have these size 12 all weather boots for you. let's take care of you. >>reporter: she snapped the picture and sent it to the nyp nypd. department posted it to facebook two da
been growing after president obama and representative boehner made remarks wednesday that a deal could be worked out. now speaker boehner insists there are still many roadblocks in the way. last night, boehner offered no details but rejected the democrats' $4-trillion plan presented by treasury secretary timothy geithner. investors have a more optimistic view on the global economy. a new survey by bloomberg shows 2/3 of investors surveyed described the worldwide economy has either stable or improving. overall, they considered the global economy to be in the best shape in 18 months. when asked which countries will offer the best investing opportunities for next year, the u.s. ranked number 1 for the 8th quarter in a row. china came in second, and europe was considered the worst for returns. for those holding out hope for a second life for twinkies, ho- hos and ding-dongs, there's encouraging news. hostess says it is in talks with more than 100 interested buyers. at the same time, hostess is seeking approval in banruptcy court to pay its top executives $1.8 billion in bonuses to retain t
a trillion dollars. >> and obama has put together a deal that proposes more spending, 400 billion in unspecified cuts that will be named later apparently. i thought the president wanted a balanced package. what's balanced about 4:1 tax hikes to spending cuts? >> well, first let me say harry misspoke. he meant that they've already done a trillion dollars in cuts in the last resolution and those play out over the next ten years. and that's correct. that's a fact. and the president has said consistently both on the campaign trail and after the election that he's for something on the lines of simpson-bowles which is at least 2.5:1 spending cuts to taxes. and i think he laid out the 400 and then said to the republicans you bring me other cuts and i'll consider them. and i think he understands that there will be significantly more spending cuts including on entitlements than there are taxes. >> so this is an opening point. >> an opening gambit as chris ten wel kristen welker said. the president's always been criticized by putting what he really wants on the table first. you do don't do
: there is a lot of relevancy to that because who won the presidential election? president obama. he's holding the cards right now and if, in fact they do go over the cliff will he actually be true to what he said before, which is let's do this short-term deal now, even though it's really not a deal, it's a one-sided deal and then after get over the fiscal, then we'll sit down and actually talk some serious business. but has that really been done in the last three or four years? do you really believe that they will talk serious business, which would include both sides of the fence tax increase potentially, and spending cuts? do you believe that they'll actually do that? >> steve: you know what? charles krauthammer in his column today writes about once upon a time, ronald reagan took that deal where the democrats said okay, let's get a deal now and then we'll talk about cuts later. he never got the cuts and he always was remorseful of the fact that he didn't get the cuts when he made the deal. >> gretchen: the other stories
environmentalist is saying it is dead wrong. gop version of blood vessel over the president obama's fiscal cliff proposal. is it that much of a raw deal as they claim? we'll break it down. do you ever have too much money or too many big macs? ♪ it's a new day. if you're a man with low testosterone, you should know that axiron is here. the on underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied asnexpected signs of puberty in chiren or changes in body hair or increased acnen women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or bast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; problems breathing while sleepi; and blood clots in the legs. c
and real irony is going to be the ultimate deal's going to look like the obama boehner grand bargain that was negotiated and almost done in the summer of 2011. the fact that we couldn't make that deal then i think's a tragedy for the country. one of the thing's it did was lead to that aaa downgrading. that was unnecessary. >> let me just follow up on this point of what republicans should accept. you said you'd go back to the clinton era tax rates if you could get the spending that went with it. there are some in the republican party like congressman tom cole congress them saying let's just do that. let the rates go up for those at the top, then wait and negotiate. is there anything about that that you think could make sense? >> that's not a negotiation. the president's not going to then lower those rates. >> that might be a capitulation. >> yeah, it is a capitulation. the president thinks he's got all the cards. the republicans position improves at the beginning of the year and frankly, there are a number of people coming back, people who contributed to this mess and i'm not sure as
middle income tax cut to the floor. >> reporter: later on today president obama will say that any deal reached in congress must include increased tax rates on the wealthiest americans. he will say that at a factory in hatfield, pennsylvania, where the company connects, makes tinker toys. that is company the white house picked for today's event because they rely on the middle class consumers who would be affected if we go off the fiscal cliff. martha. martha: that will be a major sticking point it sounds like. peter, thank you very much. bill: so what happens if your taxes or to your taxes if lawmakers don't strike a deal? the tax policy center says that 90% of the americans would see a tax hike next year in 2013. it says 121 million americans will be paying more in payroll taxes, and families making between 40 and $65,000 a year, will pay an extra $2,000 to the government. that starts in 2013. martha: some say that they're concerned that what happens in europe could also happen here down the road. look at europe's economy down the road. 11.7% unemployment. that is another record high i
have to love that it is friday. i am melissa francis. lori: i am lori rothman. president obama giving his pitch for the fiscal cliff. when will the rhetoric give way to a real action on our debt crisis. juan williams on when a deal can happen. melissa: how would you like to pay more at the pump? we have the new talk about raising the gas tax. what a great idea. lori: i love paying over four dollars a gallon. washington not the only one that cannot get a deal done. entering day 76. its small business that is really on then ice. melissa: time now for stocks as we do every 15 minutes. lauren simonetti. washington is playing politics over the fiscal cliff. we are near session lows right now. >> 11 points away from session lows. the dow is clinging onto that level right now. consumer discretionary is your best performing sector this month. it is lower today, as is technology. the s&p 500 trying to hang onto a monthly gain. not sure if we can do it. certainly higher for the week and nasdaq higher for the both of them. a two-day chart of yelled is really interesting. they expect fourth-quart
. >> tonight, richard wolffe on today's nonsense from republicans and where a deal on the fiscal cliff stands. and former health insurance executive wendell potter on what obama's proposed $340 billion in medicare cuts will mean for seniors. >>> vice president joe biden stumps for the middle class at a retail store that treats its workers right. i'll talk costco and fiscal cliff with steve greenhouse of "the new york times." >>> plus hostess executives tank their company and cost the people their jobs. so why are they still demanding millions of dollars in bonuses? >>> and we'll tell you how senator john mccain fits in with congressman louie gohmert's latest conspiracy theory. >> this administration sent planes and bombs and support to oust gadhafi so al qaeda and the muslim brotherhood could take over libya. >>> good to have you with us tonight, folks. republicans are walking tall in public but hanging their heads behind closed doors. john boehner struck a defiant tone during a news conference today. he blamed the president and democrats for stalling negotiations on a debt deal. >> despite t
start with you, frank, before john boehner rejected out of hand president obama's attempt to try and do a fiscal cliff deal? >> with $1.6 trillion in new taxes, i think probably half a second. >> when you see the apparent attempt at a bipartisan lunch going on today between obama and romney, it was all very sweet and everything, the reality is the picture was about as uncomfortable as the relationship is between the two sides, and again, frank, how do we get to a better place in washington? how do we get these guys to realize, let me throw this at you. i interviewed mike tyson an hour ago. fantastic interview in many ways. what i found really fascinating and relevant to this, he talks about when he goes back to the streets he grew up in in new york, what real people care about. they care about their homes, they care about their jobs, they care about feeding their children. he got quite passionate about it. i just don't get that these politicians squabbling in d.c. care about those things enough or they would stop this politicking over things like a fiscal cliff. what do you think, frank
obama's proposal, 97% of american small businesses will get a tax cut. so why not come to a negotiated deal on the things that we agree on and put aside the other things. we don't thesely have to agree on those 2%. let's work on where there is some sort of compromisable solution or common ground. >> michael sm, what do you thins going on behind these meetings, what do you think these conversations are like? >> i don't know. i'm frustrated by the approach. i don't like the way this is all being litigated publicly and maybe it there's not an alternative. it seems that this deal gets done when the president is behind closed doors with john boehner. i think that's what it will take. it speaks to me, craig, of how there's no socialization left in washington. members of congress are there tuesday through thursday. they get out of dodge. their kids aren't in school there. not enough sharing of cocktails among one another. and frankly, i think they need to spend more time together and stop litigating this thing openly. >> bipartisan bourbon perhaps. >> yes. >> you had a piece in politico this
of the mainstream that we could deal with don't seem to have those weapons and the question is what is the obama administration going to do now? >> warner: tough decision. patrick tabler, thank you. >> my pleasure. >> suarez: still to come on the "newshour": political turmoil in egypt; arizona's new senator; a broad range of steps for a minnesota dance company and the college conference switches. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: democrats and republicans accused each other today of refusing to talk specifics about how to avoid the fiscal cliff. the two sides traded charges of bad faith as year-end tax hikes and spending cuts moved another day closer. on the face of it there seemed to be little movement today. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> sreenivasan: treasury secretary timothy geithner and legislative chief rob nabors arrived at the capitol this morning, for meetings with congressional leaders. house speaker john boehner also spoke to president obama on the ph
to bring down the deficits in a balanced way. >> president obama in balance making the case for increasing taxes now. dealing with the big package after the new year. house speaker boehner saying that the proposal up on capitol hill from the administration was in his words "ludicrous." and republicans saying that actually they laughed at the initial proposal from the treasury secretary yesterday. let's bring in the panel. bill kristol of "weekly standard." juan williams, columnist with the hill. syndicated columnist charles krauthammer. okay, bill, is this part of the kabuki theater, the dance, choreographed back and forth? or are we really looking at something that is in deep trouble here? >> it looks to me more like the theater. the president understandably is going to put out his optimal scenario first. especially since he is going to try to hammer republicans on the greatest vulnerability, the president will say over and over i propose and the senate democrats passed the tax cut, 98% of all americans to take a lot of, a lot of what the fiscal cliff is. move a lot of the damage to the e
they are going to have to concede a deal that are largely on president obama's terms. but they're also losing the argument with economists. if you consider what president obama put forward yesterday with a $1.6 trillion in tax increases mostly on the wealthy, every single economic study has shown that that will have virtually no impact on gdp growth. the congressional budget office did a study that showed that it would decrease gdp growth by 0.1%. virtually no impact. republicans didn't like that cbo study although they always like the cbo. so they went to crs to see if they could do another study that would differ from the cbo study. crs confirmed it. all the economists are unanimous if we're going to try to go after the debt, now that we have virtually 3% gdp growth, we want do it in a way that's least damaging to the economy. almost all of them agree the obama approach is the right approach. increasing the rates on the wealthy will have no impact on job creation or gdp growth. >> professor dyson, we found out today that the austerity budgets used in the eurozone have sent employment to rec
. >>> president obama dispatched his chief negotiator to capitol hill to work on a deal to avoid the "fiscal cliff." today treasury secretary tim geithner met with house and senate leaders. republicans came out of that meeting saying that the white house needs to get serious about spending cuts. >> it's time for the president, congressional democrats to tell the american people what spending cuts they are really willing to make. >> let's give a christmas present to the american people. and all we're saying is, we're willing to make the cuts. >> coming needs to reach an agreement in the next few weeks in order to avoid a series of automatic tax hikes and spending cuts in january. >>> oh, to be a fly on the wall on this one. president obama and mitt romney met privately at the white house today to chew over the nation's economic issues. it was the first time they have been together face to face since their contentious campaigns. cbs reporter tara mergener on the political power lunch. >> reporter: mitt romney got out of an suv and walked into the white house alone. the former republican nominee then
international." i'm suzanne malveaux. president obama is taking his deal on the road and to the american people. he is going to be making remarks. shortly this is going to happen in pennsylvania. we'll bring it to you live when it happens. and protesters flocking back to cairo's tahrir square. the anger about the president's power grab is intensifying after a mostly islamic assembly rushed to pass a draft constitution early this morning. the documents will be presented tomorrow to president mohammed morsi for his signature. reza sayah is overlooking tahrir square. we understand they are planning what they are calling a million man demonstration that has been called. give us a sense why are people still protest and what do we expect in the next 24 hours, the days to come? >> reporter: well, they're protesting because they're angry with president morsi, his dekoreas and how the drafting of this constitution has unfolded, and there doesn't soop seem to be an end to the protest. they're back here in big numbers. tens of thousands of them here in tahrir square. we're going to show you what it looks
obama appeared at a factory in pennsylvania making his case for raising taxes on top earners and accusing a handful of republicans of holding up a deal. if a deal is not reached by december 31, a $600 billion combination of tax increases and spending cuts goes into effect. let's get a check now on how the markets reacted to all of that news. our correspondence sent us this report from frankfurt. >> the dax climbed for about 2% this week, and share prices have been pushed mainly by the rescue package for greece, but at this last trading day of the week, trading has been quite low. the positive trend continued, although there has been some bad news coming in, like the record high unemployment rate in the euro area and the fact that u.s. consumers spend less money in october. nevertheless, the mood is fine. investors hope the fiscal cliff in the u.s.a. can be avoided. >> let's get a closer look at friday's trading. with all that uncertainty in washington, traders were playing it cautious. in germany, the blue-chip dax broke a bit of a winning streak, only gaining fractionally. e
in saying make a deal with the democrats. now, the problem is every -- the altitude of obama is look, i should be getting my way. but for each one of these house republicans is wait a minute. i won, too. >> yeah. >> why should i be the one who's expected to concede? >> republicans could have come to the table with something instead of just looking at -- >> you mean like putting budgets on the table every year? >> they've got one. >> every year and democrats don't. >> what did the republicans have? going to work off, i guess, what they have now, and they will negotiate it out. i have enjoyed watching richard wolffe seeth as jim speaks. it was unbelievable. i could feel it over here. you were seething. >> you really need to get out more. >> yes, mika. >> at this point what do you think will happen? to me it seems like the beginning of a negotiation. it doesn't seem like the end of the world here. >> no, it seems to me like the beginning of a negotiation in which yes, the president believes he has the upper hand. because he and the democrats won broadly the election. obviously, they didn't
to the public for a vote in 30 days. we are hearing new acai sayings that president obama may not want to reach a deal on the nation's fiscal crisis. some claim the president is intentionally coming to the table with a plan the republicans will reject to damage gop come the next election. democrats are asking the republicans, where are your proposals? here is john boehner and nancy pelosi. >> the republican lead i areship in the house to bring the legislation to the floor next week. megyn: doug schoen cohosts campaign insiders and is a fox news contributor. charles payne is a fox news contributor and bill mcgurn is a former speech writer for president george w. bush. let me start with you on this, bill. with all due respect to charles you both worked in the white house for the president. what is the president doing? arthur aidala says i'm not allowed to make this gesture. why is he doing that? >> because he may win. my view is there is no fiscal cliff or debt cliff. there is a political cliff and he wants to push the republicans off. the debate is how much do republicans will surrender and then
, then you hear, chris, i was very intrigued by the statement that charles made on fox, that the obama offer is worse than what was offered to general lee at the end of the civil war. listen to this. >> it's not just a bad deal. this is really an insulting deal. what git near offered on the screen, robert e. lee was offered better deals and he lost the civil war. this is almost unheard of. mine, what do they expect? they obviously expect republicans to cave on everything. i think republicans ought to simply walk away. >> chris, i think with lincoln outdone, i think he could have used a better analogy. >> look, the funny thing is the end of that statement, which is, i keep saying, rush limbaugh keeps saying, walk away. walk away. if they walk away, all of the taxes go up. the delicious irony, i will note, is to have them sunset so the cost was lower than what it would be if therm permanent and the can was kicked down the road two years ago when we had that lame duck and now it's coming back to bite them because it's going to expire and blow up in the republican party's face when it was the re
in the corner and make them rush in the middle of a panic as we are about to fall off of the cliff to cut a deal. stuart: here's my problem. if you get a deal, anything like what the president has proposed, or if you go over the fiscal cliff full tilt, either way, you will have a recession and president obama's second term starts on a very negative note for the american economy. >> you put your finger on the problem. the point of having these fiscal cliff negotiations is to avoid what could lead to a recession, to avoid a calamity. the proposal your putting forward leaves you with an even worse position than you are now, what is the purpose of this? stuart: stay there for a second. i want to get the company's opinion on the raising of the debt ceiling. it is and abolition of the debt ceiling so the president and borrow whatever he wants without congressional authority. >> extraordinary power grab like we haven't seen in a long time. washington d.c. has been in bubble bland. we are in a government bubble. washington d.c. is disconnected from the reality of real-estate going up but the issue is wa
of this is a surprise to the republicans. this is what president obama campaigned on. it's also what republicans have been presented behind closed doors for weeks. "politico" reported on the deal taking shape behind the scenes. it includes most of the same details the white house has in its proposal. according to "politico" house republican leaders recognize president obama holds the high cards and the public is likely to blame republicans if negotiations blow up and the new year begins with a fiscal disaster. the facts didn't stop speaker boehner from claiming the white house is holding up negotiations. >> majority leader and i just had a meeting with the treasury secretary. it was frank, and it was direct. i was hopeful we'd see a specific plan for cutting spending. >> the treasury secretary's proposal seems pretty specific. it even includes $400 billion in specific cuts. but john boehner sees something different. >> we know what the menu is. what we don't know is what the white house is willing to do to get serious about solving our debt crisis. >> so what is this all about? i mean, i guess john b
. >>> to washington for the battle to avoid the fiscal cliff heating up. president obama hitting the road in moments to pressure lawmakers to strike a deal. kristen welker is at the white house this morning. good morning. >> reporter: president obama travels to hatfield, pennsylvania, where he will turn up pressure with republicans to increase taxes on wealthier americans, after a show of bipartisanship. the president inviting mitt romney to the white house on thursday. with washington deadlocked, president obama reached out to his former rival, inviting mitt romney to lunch at the white house, aiming to put past differences to rest. >> i think that he's very interested in some of governor romney's ideas. >> reporter: romney arrived shortly after noon thursday. white house officials revealed few details about the lunch, saying only they ate white turkey chili, and the meeting lasted more than an hour, with governor romney congratulating the president on re-election. in the sole picture released by the white house, you can see the dining room where the men ate and boxing gloves. aides joked there wer
people actually do it. >> that's one of their concerns. you spend the money getting the groupon deals, but do you actually cash it in and get the deal before it expires? we'll see what the future of the companies are. >> thanks, lisa. >>> president obama has been barely off the campaign trail for a month, but now he's back on the road pitching prescriptions for avoiding the fiscal cliff and hoping to pressure the gop. [ male announcer ] lifts to clear obstacles. ♪ lowers to cut drag. rises to every challenge. the class exclusive air suspension in the new 2013 ram 1500. engineered to move heaven and earth. guts. glory. ram. [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumpin
letting the tax cuts expire and bringing on a recession, i don't believe that bluff. president obama would become a herbert hoover with two recessions on his watch. he can't let that happen. obama did not be hoover. therefore the democrats cannot let all the tax cuts expire without a good deal. unfortunately the cliff talks have charities frightening. they're worried the deduction will be slashed. ivity a contrarian view about this that is going to surprise you on the charitable deductions. and if she wasn't already in enough hot water over the benghazi mess, there's a just breaking report out tonight u.n. ambassador susan rice has heavy jeismts in energy companies known for doing business with iran. and that is illegal. first up, breaking news on the fiscal cliff front tonight, president obama offered his opening bid in budget talks with republicans, and we have eamon javers with all the details. good even, eamon. >> house republican aides are saying this was a new offer from temperature think geithner on capitol hill for a long series of meegts. there were varying report of whether or no
that is ages. that is a very long time for them to negotiate and come up with a deal. >> and, jason, president obama is returning to a tactic that he's used in the past. he's taken the pitch on taxes directly to the american people in a trip to pennsylvania today. house speaker john boehner not so happy about it. let's listen for a minute -- >> listen, this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult leadership. campaign-style rallies and one-sided leaks in the press are not the way to get things done here in washington. >> well, republicans are reportedly planning their own fiscal cliff pr campaign designed to show that the democrats are simply digging in, they're being stubborn, election is over, shouldn't both sides be focused on doing the job they were elected to do. how do you see it? >> look, you're going to have a bunch of rallying on both sides and some of this is theatrics. it's christmastime. you know how you tell your kids you have to be really good or santa's not going to give you what you want but you know you will buy t
on whether the justices will conside cases concerning same sex marriage. this is a big deal. we're waiting for word. but first this, the fiscal cliff, the talks hit a huge road bump. zingers and verbal jabs are flying while actual talks are at a stand still. president obama says republicans must agree to preserve a middle class tax cut as first part of any deal. and he linked republicans to scrooge today while touring a pennsylvania toy factory. listen. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. every family, everybody here, you'll see your taxes go up on january 1st. i mean, i'm assuming that doesn't sound too good to you. that is sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> that's pretty scroogy, right? president obama's proposal calls for $1.6 trillion in new tax revenue. $50 billion for new stimulus spending. and about $400 billion in entitlement cuts. republicans say, the president's proposal's nothing but a political stunt. here is boehner. >> the white house spends three
of this crisis unless we do that. are the past for many years, the obama administration has struck a deal with car companies to nearly double fuel efficiency by 2025. we have doubled production of clean energy, made historic investments and breakthrough technologies, launched a new international partnerships like the climate and clean air coalition to take aim at pollutants like carbon and methane that account for more than 30% of current global warming. that has grown from just six countries to more than 24 today. we are committed to continuing this hard, slow, boring work in order to take the practical effective steps necessary to tackle climate change. our focus is on results, not on today's's headlines, but on the trend line. we are after what works. we will continue to chase down every opportunity to move bit by bit, if that is what it takes. that is a model for a change happens today, from securing the rights of women to solving the issue of nuclear weapons. there is no substitute for that hard work, no replacement for diplomacy, and no alternative to american leadership. so certain
standpoint i don't think was that smart. so i think they blew that one. but ultimately it strikes knee obama did not suggest, you know whark what, i want to get it done quickly. >> people supposedly knew or that act like they know what the pinl deal will look like is like they gotting withed down at 800 last year. so the president is starting at 1.6. so they'll end up between a trillion and 1.2. anything close a trillion would be seen as boehner prevailing a little bit because he only had to go up 200 billion and anything closer to 1.2 or -- would be a win -- >> i think the big question is what happens to entitlements, too. what do you put on the table for that. >> the different websites have different -- grudge is ha-ha with a picture of mcconnell sitting there. he says he didn't do it in partisan on purpose, but he heard the deal and started laughing out loud. not to insult geithner, but -- >> that were his marching orders. >> mcconnell supposedly laughed out loud not on purpose to embarrass geithner, but just because they're so far apart. >> what would be the thing that the republicans wo
modestly higher on homes of a budget deal and on encouraging economic reports. dow was up 36 on thursday. the nasdaq finished 20 points higher. >>> and president obama presented his plan to avoid the "fiscal cliff" to members of congress. the $4trillion plan includes $1.6 trillion in new taxes on upper income americans. $400billion in cuts to medicare and other entitlement programs. $50billion in stimulus spending and the end of congressional control over the debt ceiling. both sides remain at a standoff over the issue of raising taxes on higher income earners. but the president said he will not sign any bill that does not include higher taxes for top earners. the white house is calling this proposal an opening bid but house speaker john boehner says no real progress is being made to reach a deal. could be an interesting day for us on wall street. >> i guess. they have a month to figure that out. in the meantime though there's a secret santa. i guess santa decide to do a little early work in the tri- state area, right? >> reporter: that's right. a so-called secret santa is giving away $1
-3%. and as deal gets done, roll up sleeves. this offer is insulting. i am not going to deal with you. >> the top 2% since 1986. >> they can't say the republicans holding out on the top 2%. >> the republicans want spending cuts. republicans realize -- >> they offer, i think obama is offering $500 million -- [ overtalk ] >> dana: critical count -- >> eric: the democrats realize that they have to touch spending if they want the 2%. >> brian: i want the power to raise the debt ceiling without asking you. >> dana: triple count cuts that were made. to get credit. wants to get credit for cutting things that were already cut in the past. his budget could not get a single vote in the senate. maybe they should bring the president's budget up again to see if it has more support. >> andrea: i want to ask about the tax rates. we learn the top 1% averaged 23% tax rate, while filers in the bottom 50% average a tax rate of 2%. a lot of people don't like to get george bush credit. he took poor people off the roles. >> bob: first, myself, i have given bush credit for doing that. in every tax bill we have. the wealt
before going off a cliff. >> the political theater over the fiscal cliff. >> mr. obama sends his chief negotiator. >> treasury secretary tim geithner. >> who was on capitol hill right now. >> reaching out to capitol hill. >> the push is on to get a deal. >> no substantive progress has been made in the talks. >> literally no progress. >> bad news, bad news, bad news. >> this is the moment of posturing. >> a lot of posturing. >> until we hear good news. >> the framework of the deal is beginning to emerge. >> i'll do whatever it takes to get this done. >> we have a debt crisis. >> i'll do anywhere and do whatever it takes. >> all eyes on the white house. >> they're going to get right up to cliff on new year's eve. we're all going to be hugging cliff. >> it's like when a fish show starts. the crowd -- >> i hope nobody catches that reference. >> all eyes on the white house. >> together again. >> what's his name? >> table for two. >> don't help me, don't help me. >> mr. romney goes to washington. >> mitt romney makes his way to the white house. >> the political power lunch of 2012. >> it's n
just to try to come up with a pseudolegal way to deal with these people who we have locked up in a third country no man's land. but interesting point of historical fact here, even before that day in the white house when president obama signed the executive order to close guantanamo, even before he did that, california senator dianne feinstein, chair of the intelligence committee, had already requested a thorough government report on how logistically prisoners could be moved from guantanamo to american prisons. in 2008, remember, yes, barack obama was running for president saying he wanted to close guantanamo, but the guy he was running against, john mccain, was also saying that he wanted to close guantanamo. and, frankly, the guy who was president at the time, the guy who opened guantanamo, george w. bush, was also saying at the time that we needed to close guantanamo. so everybody sort of agreed and dianne feinstein apparently said, hey, if everybody agrees that that must be done, let's start looking into how we are going to do it. that report requested by senator dianne fein
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